Nippon Paper Industries Co.,Ltd. Stock Forecast
Nippon Paper Industries Co.,Ltd. stock downgraded from Hold/Accumulate to Sell Candidate after Thursday trading session.
(Updated on May 09, 2024)
The Nippon Paper Industries Co.,Ltd. stock price gained 0.82% on the last trading day (Thursday, 9th May 2024), rising from JP¥1,098.00 to JP¥1,107.00. During the last trading day the stock fluctuated 1.55% from a day low at JP¥1,096.00 to a day high of JP¥1,113.00. The price has fallen in 5 of the last 10 days and is down by -1.16% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 97 thousand more shares were traded than the day before. In total, 446 thousand shares were bought and sold for approximately JP¥493.94 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -3.53% during the next 3 months and, with a 90% probability hold a price between JP¥1,010.46 and JP¥1,162.78 at the end of this 3-month period.
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3863.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 26, 2024, and so far it has risen 1.37%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Nippon Paper Industries Co.,Ltd. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at JP¥1,146.49. On a fall, the stock will find some support from the short-term average at JP¥1,097.71. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
A buy signal from a double bottom formation was found on Friday, April 26, 2024 and based on theory for this formation the price should go up by 20.37% to JP¥1,332.45 within 49 trading days since signal was issued (Friday, May 10, 2024).
Support, Risk & Stop-loss for Nippon Paper Industries Co.,Ltd. stock
Nippon Paper Industries Co.,Ltd. finds support from accumulated volume at JP¥1,098.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved JP¥17.00 (1.55%) between high and low. For the last week, the stock has had daily average volatility of 1.54%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (3863.T) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect Nippon Paper Industries Co.,Ltd. to open at JP¥1,105.33, and during the day (based on 14 day Average True Range), to move between JP¥1,086.89 and JP¥1,127.11, which gives a possible trading interval of +/-JP¥20.11 (+/-1.82%) up or down from last closing price. If Nippon Paper Industries Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 3.63% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at JP¥1,098.00 (0.81%) than the resistance at JP¥1,139.00 (2.89%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Nippon Paper Industries Co.,Ltd. will release earnings BMO on Wednesday, May 15, 2024. We will update the financials statements for Nippon Paper Industries Co.,Ltd., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.22% in the first trading day after earnings release.
Is Nippon Paper Industries Co.,Ltd. stock A Buy?
Nippon Paper Industries Co.,Ltd. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.944 Sell Candidate Downgraded
Predicted Opening Price for Nippon Paper Industries Co.,Ltd. of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| JP¥1,105.33 ( 0.151%) | JP¥1,107.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3863.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,122.33 | 1.39 % | |
| R2 | 1,115.84 | 0.798 % | ||
| R1 | 1,111.83 | 0.436 % | ||
| Current price: | 1,107.00 | |||
| Support | S1 | 1,098.84 | -0.737 % | |
| S2 | 1,094.83 | -1.10 % | ||
| S3 | 1,088.33 | -1.69 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,204.00 | 8.76 % | |
| R2 | 1,191.00 | 7.59 % | ||
| R1 | 1,139.00 | 2.89 % | ||
| Current price | 1,107.00 | |||
| Support | S1 | 1,098.00 | -0.81% | |
| S2 | 1,094.00 | -1.17% | ||
| S3 | 1,090.00 | -1.54% |
3863 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Jun 01, 2024 | JP¥10.00 | 0.90% |
| 2 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥30.00 | 2.88% |
| 3 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥10.00 | 0.83% |
| 4 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥30.00 | 2.19% |
| 5 | Sep 29, 2020 | Sep 29, 2020 | Sep 29, 2020 | JP¥10.00 | 0.754% |
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